On October 16, 2012, as previously disclosed in a Current Report on Form
8-K filed by Jabil Circuit, Inc. (the Company) with the Securities and Exchange Commission on October 18, 2012, the Companys Board of Directors (the Board) appointed Mark T. Mondello, currently the Companys
Chief Operating Officer, to succeed Timothy L. Main as Chief Executive Officer, effective March 1, 2013.

On November 19, 2012, the
Boards Compensation Committee determined Mr. Mondellos cash compensation for fiscal year 2013. Mr. Mondello will receive a salary of $925,000. He will also be eligible for an annual cash incentive for fiscal year 2013 with a
target amount of 150% of his salary. The actual amount will be determined by the Compensation Committee, after the end of fiscal year 2013, based on: (1) various levels of the Companys core operating income and core
operating profit margin and (2) core return on invested capital. These salary and annual cash incentive changes are effective September 1, 2012 (the first day of fiscal year 2013).

For purposes of this Current Report on Form 8-K, the applicable defined terms have the meanings specified below:



Core operating income is the Companys operating income under U.S. generally accepted accounting principles before amortization of
intangibles, stock-based compensation expense and related charges and goodwill impairment charges, subject to certain adjustments relating to acquisitions.

Core return on invested capital is based on the Companys core operating income, net of tax plus the tax effect of interest expense
divided by the average total debt and stockholders equity balances less the average cash and cash equivalent balance, subject to certain adjustments relating to acquisitions.

SIGNATURES

Pursuant to
the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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